Ferrexpo (LON:FXPO) Trading 17.6% Higher - Here's Why

Key Points

• Ferrexpo plc's share price surged 17.6% during Thursday trading, reaching a high of GBX 54.50 ($0.73) after closing at GBX 45.75 ($0.61).
• Trading volume significantly increased, with 23,211,322 shares exchanged, representing a 487% increase compared to the average session volume.
• Ferrexpo, a producer of high-grade iron ore pellets based in Switzerland, has supplied the global steel industry for over 50 years and produced 6.1 million tonnes of pellets in 2022 despite challenges from the war in Ukraine.

Ferrexpo plc (LON:FXPO - )'s share price shot up 17.6% during trading on Thursday . The stock traded as high as GBX 54.50 ($0.73) and last traded at GBX 53.80 ($0.72). 23,211,322 shares changed hands during mid-day trading, an increase of 487% from the average session volume of 3,955,217 shares. The stock had previously closed at GBX 45.75 ($0.61).

Ferrexpo Trading Up 17.4%

The company has a 50 day moving average price of GBX 48.10 and a 200 day moving average price of GBX 63.70. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.20 and a current ratio of 2.11. The firm has a market cap of £397.10 million, a price-to-earnings ratio of -7.18, a price-to-earnings-growth ratio of -0.18 and a beta of 1.26.

Ferrexpo Company Profile

Ferrexpo is a Swiss headquartered iron ore company with assets in Ukraine and a premium listing on the London Stock Exchange in the FTSE 250 index (ticker FXPO). The Group produces high grade iron ore pellets, which are a premium product for the global steel industry and enable reduced carbon emissions and increased productivity for steelmakers when the Group's iron ore pellets are converted into steel, compared to more commonly traded forms of iron ore. Ferrexpo's operations have been supplying the global steel industry for over 50 years, and in 2022 the Group produced 6.1 million tonnes of iron ore pellets, despite the war in Ukraine.

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